The Goldman Sachs Group Lowers Zeta Global (NYSE:ZETA) Price Target to $27.00

Zeta Global (NYSE:ZETA) had its price objective reduced by The Goldman Sachs Group from $30.00 to $27.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

ZETA has been the topic of several other reports. Barclays reduced their price objective on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Canaccord Genuity Group reissued a “buy” rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $43.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Oppenheimer boosted their price target on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.86.

Zeta Global Stock Performance

NYSE ZETA opened at $16.01 on Tuesday. The firm has a market capitalization of $3.80 billion, a P/E ratio of -22.87, a P/E/G ratio of 1.65 and a beta of 1.18. Zeta Global has a 1-year low of $9.99 and a 1-year high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The business’s 50-day simple moving average is $19.16 and its 200-day simple moving average is $23.52.

Institutional Investors Weigh In On Zeta Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. increased its holdings in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after purchasing an additional 532 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Zeta Global in the 4th quarter valued at approximately $27,000. Coppell Advisory Solutions LLC increased its holdings in shares of Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after acquiring an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Zeta Global in the 4th quarter valued at approximately $33,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Zeta Global in the 4th quarter valued at approximately $33,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.